September was a very special month for PWN. Strap in – this monthly digest is about to be quite packed. As mentioned in last month’s installment, PWN has been quite busy building as well as deploying a number of super exciting features throughout the month of September.
Let’s dive into each of them.
First and foremost, let’s take a moment to highlight a feature that we’re calling asset pages.
This major update allows any user to get a very detailed overview over all assets they own, including a large set of data points related to each specific asset. These data points have been aggregated from high-quality sources across the DeFi ecosystem to ensure that any user can easily understand the value of any asset on the PWN platform should it become collateral for a loan.
We go into more detail about PWN asset pages in a recent blog post on how to verify legitimate assets on PWN.
This feature admittedly took the PWN team quite a bit longer to get ready for deployment than initially expected, but in any case, it’s finally here. This one’s extra important, as it will serve as a cornerstone for a huge upcoming upgrade (stay tuned 👀).
PWN has significantly improved the user experience of interacting with one’s dashboard. Now, it’s easier than ever to get a high-level overview of all your assets and loans with a single glance.
On top of that, we’ve added the ability to look up any PWN user and get an overview of their portfolio. This feature can be used as part of your own due diligence when considering offering another user a loan or simply out of curiosity to see how other users generate yield and/or liquidity on PWN.
Token Bundler has been one of the most requested features from the PWN community. PWN’s devs aimed to build a tool that would benefit not only PWN users, but also the wider DeFi/NFT community.
And that’s exactly what we’ve done.
Version 1 of our bundler (version 2 is already being developed as we speak!) allows anyone to bundle a large number of standardized tokens together and use them anywhere in DeFi.
PWN users can make use of this tool to bundle together any set of NFTs (ERC-721 & ERC-1155) as well as ERC-20 tokens and mint the bundle as an ERC-721 NFT. This NFT can then be used to get a loan on PWN, but it can also be used anywhere else in DeFi where you could use a regular ERC-721. Read more about how to use Token Bundler in our user docs.
This “use me anywhere” approach, in contrast to implementation of bundling features of some of PWN’s competitors, follows PWN’s narrative of radical openness. We’ve been building according to this narrative since the very beginning, and we keep the principle in mind when designing any upcoming feature.
When it comes to features coming soon, we’ve had great success demoing our upcoming PWN Safe feature.
PWN Safe enables novel approaches to asset security, management, and accounting while taking out a loan. One such novelty it brings is the ability to keep using game-fi items in-game even if they’re currently locked as collateral for a loan. This represented a major technological challenge until now; however, our design (which we’ve been cooking up for nearly two years now!) completely changes the playing field.
As usual, we’re building this as a standalone tool that will be integrated into PWN for the benefit of our users, but anyone will be also free to use it in any other DeFi protocol.
In an industry first, PWN collaborated with Nation3 in the first of a series of DAO token-backed convertible loans.
In a nutshell, Nation3 DAO decided through a vote to take out a loan of 50,000 USDC backed by their native $NATION token via PWN. We explain more on this in a thread:
This allowed the Nation3 DAO treasury to keep exposure to the upside of the $NATION token while accessing needed liquidity to cover operations expenses. This has sparked interest among other DAOs across the ecosystem, and we’re now working hard to bring more of such deals to PWN!
Speaking of Nation3, we spoke with Luis Cuende in a fantastic installment of our ongoing Cryptonatives series. In case you haven’t already, check out the full interview to hear Luis’ own take on the collaboration between PWN and Nation3.
The final, operations-focused update of this digest is related to a PWN Foundation, which is the legal entity established as one of the critical steps of forming the PWN DAO. We’re getting really close, folks, and we’ll keep you in the loop as things keep moving forward.
As usual, if you read all the way to here, you’re an absolute legend - have a fantastic day and we’ll see you in the next “episode”.
PWN is a hub for peer-to-peer lending backed by digital assets. Use your NFTs or any token as collateral and invest in fixed interest loans and generate attractive returns. PWN makes this possible with no liquidation risks. Check out the PWN platform today.